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ASCAP is already notifying members of a decrease in revenue to them and therefore a decrease in royalties to us:
Q: “Will I still get royalty distributions from ASCAP?
A: Even while ASCAP offices are closed, ASCAP is still very much up and running and working for you. Our domestic publisher royalty distributions went out on March 20th, and we are working hard to get our domestic writer distributions out in April. Please understand that our U.S. licensee customers and foreign partners have experienced immediate and material challenges in their businesses. As a result, revenue to ASCAP will decrease during this time and, therefore, your royalty distributions will decrease as well. While we cannot put a figure on this right now, we will keep you updated as events unfold.”
Wow. Wish I could help, but all I can do is sympathize. My channel is exactly like yours, original production music set to public domain images or video, but no troubles.
The only chance for backend on the Scripps placements are international uses, is what I’ve heard.
I’ve always done a Schedule C as I’ve been self employed my entire career. As I understand it Schedule E is for passive income and not for income that you are actively involved in as an ongoing endeavor. Plus, doing a Schedule C allows you to deduct your costs of doing business.
I say don’t overthink it. In the first example yes, choose it. In the second example choose Dramatic, Action, Adventure and Suspense, Dark. So pick any tag that pretty much fits your music and move on to the next!
I’ve completed many multi song vocal projects for my work in the educational market. My system is to start with the lyrics. Then let the lyrics dictate the melody and rhythm, maybe by staring at them while strumming a guitar or auditioning loops and sounds. Eventually a song forms in my head. I’ll record the melody in on guitar or piano to a click and build my track around it. I do bring in a demo singer so the company I’m working for can hear my ideas. But if I were creating for shopping to libraries I’d just bring in the final vocalist and skip the demo. I like to work with singers who can sight-read notation. You’ll want to have a lyrical theme in mind and some style reference tracks before starting to write.
When providing a company a quote I tell them to estimate one week per song, but it doesn’t usually take that long.
Yeah, the old “Mic” or “Mike” debate. 🙂
I have an article scheduled for the April edition.There’s Getty, but if you choose not to be a part of the “performance royalty free” model your tracks will most likely be rejected. I can’t think of any others, give the prevalence of the subscription model. There’s AudioSparx, but the money comes from streaming, not license sales really, and we all know how little that can be.
I’ve written some articles for SonicScoop and they (Justin) has a regular podcast on mixing and production topics that I watch. I’ve also written for Recording Magazine which still does a subscription print magazine!
Same here. It’s unfortunate for us, and I can’t imagine a newcomer being able to succeed (financially).
At least that’s the closest I can figure
Today, my international statement from ASCAP was 85 pages long and paid less than February 2015’s international statement of 33 pages. So yeah, I’d agree with your numbers.
You can’t write off more than your income in any given year. You might be able to depreciate once you have income. Then again I’m not an accountant so best to consult one.
I think you can have enough write-offs to take a loss in any given year. I believe it’s after a few years of claiming losses that the IRS says this is a hobby and not a business. If you’re filing a schedule C as a music teacher I don’t see why to file a second schedule C as a music creator. Just combine all music income onto one schedule C, no? Like Art says ask an accountant and go forward from there!
my experience over the years is that you can’t “fight city hall”
My experience is you can fight City Hall, you just can’t win. 🙂
Over in the Facebook Royalty topic it was posted – “Congrats on the $12”. If the state of our industry is being congratulated for earning $12, then maybe loosing faith is an appropriate response, regardless of the amount of tea or coffee available. 🙂
Nice, looks like it took a lot of work!